PROPERTY DESCRIPTION

17 Katanning Street, Bayswater: A Rare Opportunity

After 35 years, 17 Katanning Street is hitting the market for the first time. Strategically positioned at the corner of Katanning and Goongarrie Streets, this property boasts an expansive land area of approximately 2,031 sqm. Here are the key highlights:

Development Potential: Whether you envision a modern multi-unit development for leasing or selling, or prefer a single facility for owner occupation, this property offers flexibility.
Income Stream: If development isn’t your focus, no worries! The property currently enjoys a generous income stream. Seven adjoining older-style, yet popular, industrial units make up the improvements, totaling 1,174 sqm. These units are fully tenanted by long-standing occupants on a casual basis, generating an annual income of approximately $105,466.88 (plus outgoings and GST).
Prime Location: The Bayswater industrial precinct is strategically central. Just 8 kilometers from the city, it provides direct access to the Tonkin Highway. The airport and Kewdale’s logistic hub are a short drive away. Additionally, both the Ashfield and Bayswater train stations, along with the Bassendean shopping center, are within easy reach.
For further details, please reach out to the Exclusive Selling Agent:

Daniel Saad
daniel@propropertygroup.com.au

Don’t miss this rare opportunity!